Tamil Nadu eyes Rs 75,000 crore investments

The Tamil Nadu government plans to garner Rs 75,000 crore worth of investments and generate about one lakh jobs over the next 10 years through the aerospace and defence sectors, Chief Minister M K Stalin said recently.

Releasing an aerospace and defence industrial policy at the ‘Future is now-Towering Tamil Nadu’ conclave here, Stalin said the policy aims at providing enhanced support to micro, small and medium enterprises sector and start-ups in the two sectors.

The mission of the policy is to create a robust, world-class, high-technology efficient aerospace and defence manufacturing ecosystem.

The policy would foster an innovation ecosystem focusing on the aerospace and defence sectors through the development of innovation centres, and start-up hubs, to make Tamil Nadu the foremost innovation hub of India.

Tamil Nadu is all set to emerge as the key destination for the global aerospace and defence industry following the announcement of the Tamil Nadu Defence Industrial Corridor coupled with highly skilled human resources, various investor-friendly initiatives, and a conducive business climate, the policy said.

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